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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+10.34%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$13.1B
AUM Growth
+$1.68B
Cap. Flow
+$510M
Cap. Flow %
3.89%
Top 10 Hldgs %
24.46%
Holding
970
New
17
Increased
485
Reduced
329
Closed
22

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$208M
2
EXC icon
Exelon
EXC
+$156M
3
BNY
Bank of New York Mellon
BNY
+$144M
4
IBM icon
IBM
IBM
+$75.6M
5
AZO icon
AutoZone
AZO
+$72.4M

Top Sells

Rank Stock Value
1
SCHW
Charles Schwab
SCHW
+$169M
2
TEVA icon
Teva Pharmaceuticals
TEVA
+$60.2M
3
AAPL icon
Apple
AAPL
+$54.6M
4
AIG icon
American International
AIG
+$49.9M
5
AEO icon
American Eagle Outfitters
AEO
+$27.4M

Sector Composition

Rank Sector Weight
1 Financials 16.68%
2 Healthcare 13.73%
3 Technology 12.21%
4 Consumer Discretionary 8.93%
5 Consumer Staples 8.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCO icon
326
Moody's
MCO
$82.7B
$6.04M 0.05%
76,933
-2,000
-3% -$146K
PAYX icon
327
Paychex
PAYX
$42.7B
$6.02M 0.05%
132,151
-200
-0.2% -$8.54K
L icon
328
Loews
L
$23.6B
$6M 0.05%
124,325
-100
-0.1% -$4.78K
HST icon
329
Host Hotels & Resorts
HST
$16B
$5.98M 0.05%
307,496
+2,400
+0.8% +$44.3K
HSY icon
330
Hershey
HSY
$36.6B
$5.92M 0.05%
60,926
+100
+0.2% +$9.61K
AVB icon
331
AvalonBay Communities
AVB
$26.8B
$5.84M 0.04%
49,419
-100
-0.2% -$12.3K
FRX
332
DELISTED
FOREST LABORATORIES INC
FRX
$5.79M 0.04%
96,380
+300
+0.3% +$15.1K
CAM
333
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
$5.76M 0.04%
96,707
-3,400
-3% -$196K
APH icon
334
Amphenol
APH
$209B
$5.74M 0.04%
514,496
-3,200
-0.6% -$33.1K
XRX icon
335
Xerox
XRX
$425M
$5.72M 0.04%
178,539
-304
-0.2% -$8.75K
NTAP icon
336
NetApp
NTAP
$37.2B
$5.7M 0.04%
138,555
+200
+0.1% +$8.12K
XEL icon
337
Xcel Energy
XEL
$48.8B
$5.65M 0.04%
202,266
-100
-0% -$2.83K
ORLY icon
338
O'Reilly Automotive
ORLY
$76.3B
$5.62M 0.04%
655,005
-7,500
-1% -$63.2K
FE icon
339
FirstEnergy
FE
$27.5B
$5.61M 0.04%
170,033
-100
-0.1% -$3.52K
SWN
340
DELISTED
Southwestern Energy Company
SWN
$5.61M 0.04%
142,591
-400
-0.3% -$15K
ROP icon
341
Roper Technologies
ROP
$39.8B
$5.6M 0.04%
40,394
+100
+0.2% +$13K
RRC icon
342
Range Resources
RRC
$8.95B
$5.6M 0.04%
66,423
– –
CHK
343
DELISTED
Chesapeake Energy Corporation
CHK
$5.58M 0.04%
1,086
-3
-0.3% -$15.2K
DDD icon
344
3D Systems Corp
DDD
$613M
$5.55M 0.04%
59,700
-2,300
-4% -$161K
KSU
345
DELISTED
Kansas City Southern
KSU
$5.55M 0.04%
44,800
– –
RF icon
346
Regions Financial
RF
$26.8B
$5.54M 0.04%
560,046
-7,700
-1% -$74.1K
LNC icon
347
Lincoln National
LNC
$8.81B
$5.51M 0.04%
106,697
-900
-0.8% -$43.1K
EQT icon
348
EQT Corp
EQT
$32.3B
$5.5M 0.04%
112,553
– –
PFG icon
349
Principal Financial Group
PFG
$24.3B
$5.49M 0.04%
111,275
-100
-0.1% -$4.75K
CF icon
350
CF Industries
CF
$17.3B
$5.44M 0.04%
116,665
– –
12 13
14
15 16

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q4 2013 Portfolio in Review

As of Q4 2013, State of Michigan Retirement System held 970 positions worth $13.1B, up 15% from $11.4B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Michigan Retirement System deployed $510M of net new capital in Q4 2013, opening 17 new positions and adding to 485 existing holdings. Its largest new stake was Apollo Education Group Inc Class A: 2,034,989 shares worth $55.6M.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Charles Schwab, an estimated $169M trimmed.

  • State of Michigan Retirement System's largest Q4 2013 buy was Apollo Education Group Inc Class A: 2,034,989 shares worth $55.6M.
  • State of Michigan Retirement System added most to State Street SPDR S&P 500 ETF Trust in Q4 2013, an estimated $208M increase.
  • State of Michigan Retirement System's biggest Q4 2013 reduction was Charles Schwab, cutting an estimated $169M.
  • State of Michigan Retirement System fully exited VMware, Inc in Q4 2013, selling an estimated $18.2M.
  • State of Michigan Retirement System's ten largest holdings make up 24% of its $13.1B portfolio in Q4 2013.
  • State of Michigan Retirement System opened 17 new positions and closed 22 in Q4 2013.
  • State of Michigan Retirement System's portfolio value rose 15% quarter-over-quarter to $13.1B.

Based on State of Michigan Retirement System's 13F filing for Q4 2013, filed 7 Feb 2014.